Vestor Capital LLC Purchases 358 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Vestor Capital LLC raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,000 shares of the financial services provider’s stock after buying an additional 358 shares during the period. Vestor Capital LLC owned 0.08% of Jones Lang LaSalle worth $10,792,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in Jones Lang LaSalle by 0.5% during the third quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider’s stock worth $2,972,000 after acquiring an additional 54 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Jones Lang LaSalle by 121.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 25,527 shares of the financial services provider’s stock worth $6,887,000 after buying an additional 13,981 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Jones Lang LaSalle by 17.7% during the third quarter. Janney Montgomery Scott LLC now owns 7,848 shares of the financial services provider’s stock valued at $2,117,000 after buying an additional 1,179 shares during the period. Silvant Capital Management LLC purchased a new stake in Jones Lang LaSalle during the third quarter worth about $3,454,000. Finally, Farther Finance Advisors LLC boosted its stake in Jones Lang LaSalle by 4.2% in the third quarter. Farther Finance Advisors LLC now owns 1,998 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $265.00 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. Jones Lang LaSalle Incorporated has a one year low of $129.57 and a one year high of $280.48. The firm has a market capitalization of $12.58 billion, a P/E ratio of 33.46 and a beta of 1.37. The business has a fifty day moving average price of $261.44 and a 200-day moving average price of $229.03.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the firm earned $0.50 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 12.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $246.80.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.